So you're saying FHA and appraisers won't take into consideration that a family was helped out of a difficult situation (lack of cash) in exchange for a quick no hassle sale?

That simply proves the lenders aren't terribly concerned about looking for properties changing hands.

Does the current occupant need to come up with the funds to pay off all of the existing debt or do they simply need to come up with $60k to redeem?

If an issue comes up five years later and you were not insured you could have a bill to pay having been in the chain of title.I suggest you simply assign your contract if you can and stay off title but if you close, get a search done.

On a one-off basis, a rental property qualifies at about $100k, will see about $5k in federal tax savings, and the fee will be $1500.Bryan Hancock, you obviously haven't dealt with a reputable firm, or 300% ROIs simply don't whet your appetite...either way, your pencils need sharpening.

It may cost you a few more dollars, but you can simply state that in your offer.

Although it may lack listings for some stations, display incorrect prices once in a while, and have a lackluster interface when compared to its competitors.

Vacancy can take a major toll on a house, and there may have been issues caused by lack of occupancy.- Just because an REO is priced $50K under market value (for example) doesn't mean that it requires $50K in repairs.

Buyers lack patience, they cant get their loan - lender doesnt approve the first time...

Same risks.Lots you can do... you can simply birddog if you want to, no risk there.What are your goals?